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SA › Semaphore Park › Recreation Pde

UResidences 2 & 3, 23 Recreation Pde, Semaphore Park SA 5019

For saleHouse

$1,550,000–$1,650,000

For sale

Asking range

4

Bedrooms

3

Bathrooms

2

Car spaces

359 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,550,000–$1,650,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,550,000–$1,650,000(Listing record · 22 May 2026)
  • FactLand 359 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Semaphore Park (last 5 years) with land size: median $2,038/m² of land (n=44). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 41% above the Semaphore Park median recorded sale ($1,100,000, n=19, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Semaphore Park's advertised median rent ($579/wk), implied gross yield would be 1.94% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$1,550,000–$1,650,000

Asking range · $4,318/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Semaphore Park (last 5 years) with land size have a median of $2,038/m² of land (n=44). Districts calculation from recorded sales — not a valuation.

Semaphore Park at a glance

4,391

People

$1,100,000

Median sale

$579/wk

Median rent

2.74%

Suburb gross yield

Median sale from 19 recorded sales (last 12 months) — a Districts calculation.

See the full Semaphore Park report →

Vs Semaphore Park

+40.9%

Median sale

Suburb $1,100,000

-0.80 pp

Gross yield

Suburb 2.74%

Suburb median $1,100,000 from 19 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,550,000
Stamp Duty (South Australia)
$79,080
Transfer/Registration Fee
$16,103
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,648,883

$98,883 on top of the price (6.4% extra)

  • Stamp Duty (South Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Semaphore Park's advertised median rent — not a rent for this listing.

Net yield
0.44%
Annual cashflow (pre-tax)
$-73,742
Interest cover (DSCR)
0.09
Annual rent
$30,108
Operating expenses
$23,250
Loan amount
$1,240,000
Annual interest
$80,600
Gross yield
1.94%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,550,000–$1,650,000available22 May 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

SA

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $579/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Semaphore Park in one glance

Semaphore Park at a glance

4,391

People

$1,100,000

Median sale

$579/wk

Median rent

2.74%

Suburb gross yield

Median sale from 19 recorded sales (last 12 months) — a Districts calculation.

See the full Semaphore Park report →

Keep researching

  • Why Semaphore Park? Read the area thesis →
  • What else is on the market in Semaphore Park →
  • Other records on Recreation Pde →

Listing material

Listed by Ray White Prospect

Brand New Torrens-Titled Homes, Just 300m From The Beach!

*Contact agent via email enquiry for a builders information pack which includes the working drawings and finishes schedules for both residences*

We are proud to introduce two brand new Torrens-titled residences at 23 Recreation Parade, Semaphore Park, perfectly positioned just moments from the coastline and offering an exceptional beachside lifestyle.

Located an incredible 300 metres (approx) from Semaphore Park Beach, these architecturally designed homes deliver the ultimate in low-maintenance luxury living, combining high-end finishes, functional floorplans, and an unbeatable seaside location with a family-sized rear yard!

Read the full description

Each home has been thoughtfully crafted with multiple living zones, including a second living/retreat upstairs, making them ideal for families, professionals, downsizers, or investors seeking a premium coastal address.

Featuring four spacious bedrooms with built-in robes and walk-in robes, including a master suite on both levels, these homes offer exceptional flexibility and comfort. The interiors are elevated with herringbone flooring to the entry, kitchen, and living areas, complemented by plush carpet to the bedrooms and stairs.

The open-plan kitchen, dining, and living area seamlessly connects to an alfresco under the main roof, complete with floor tiling and feature breeze block cladding-perfect for entertaining year-round in a relaxed coastal setting.

These brand-new turn-key residences are finished with premium inclusions throughout, designed for effortless modern living just steps from the beach.

ADDITIONAL FEAUTRES:

• Torrens titled and fully turn-key, including exposed aggregate driveway, fencing, and landscaping

• Unbeatable beachside location - approx. 300m to the sand at Semaphore Park Beach

• Four bedrooms with built-in robes and walk-in robes

• Master bedrooms on both levels, each with walk-in robe and private ensuite

• Two stylish ensuites plus main bathroom, finished with brushed gold tapware

• Stone benchtops throughout kitchen, butler's pantry/laundry, bathrooms, and ensuites

• Designer kitchen with 900mm gas cooktop and quality appliances

• Video intercom system plus alarm system with sensors and digital keypad

• Ducted reverse cycle heating and cooling with zone control, WiFi, and app control

• Second living/retreat upstairs for flexible family living

• Alfresco under main roof with tiled flooring and feature breeze block detail

• Double garage with internal access

• Herringbone flooring to entry, kitchen, and living zones

• Carpet to stairs and bedrooms for comfort

• Low-maintenance coastal lifestyle in a premium beachside pocket

A rare opportunity to secure brand-new luxury homes so close to the beach, offering a true lock-up-and-leave lifestyle in one of Adelaide's most tightly held coastal locations.

Disclaimer: Please note that all the information that has been provided for this property has been obtained from sources we believe to be accurate. We cannot guarantee the information is accurate, however, and we accept no liability for any errors or omissions - including, but not limited to the property's land size, floor plans & dimensions, build size, building age, condition, or any other particulars. Interested parties should always make their own inquiries and obtain their own legal and financial advice.

Listing description written by Stefan Siciliano, Ray White Prospect — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.